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Jersey’s financiers are offering the British government advice on how the City of London can access lucrative EU markets once Brexit takes place.

Despite not being an EU member, the channel island’s investment industry has been able to access European markets for decades because Jersey can show that its rules are equivalent to the EU’s rules, meaning they are at least as tough.

The fund management industry on the Channel Island is on course to receive full passporting rights in the near future after it was recommended for status that would allow it to sell alternative investment funds directly in the EU.

This is valuable experience for the UK government, which is grappling with the rules surrounding...